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U.S. consumer prices increased by the most in nine months in December amid higher costs for energy goods, pointing to still-elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cuts this year. Read more at: https://lnkd.in/gigu3qdQ #inflation #interestrate #consumerprice #consumerpriceindex #federalreserve #etretail #latestnews

US core consumer prices, which do not include volatile goods like food and energy, increased by 0.3% in August 2024- compared to the same month the previous year. A slight gain over 0.2% was the market consensus, and a slight improvement over the 0.2% increase occurred in July. August saw increases in the following indexes: housing, travel, auto insurance, schooling, and clothing. Among the indicators that saw a decline during the month were those related to used automobiles and trucks, home furnishings and operations, healthcare, communication, and entertainment. Core consumer prices increased 3.2% annually, the lowest since April 2021, at a rate consistent with July's and in line with market expectations. A minor- upside surprise in the core CPI reading before next week's Fed meeting. The market will likely expect an overreaction and demand a 50 BPS cut. A 25 BPS cut is enough to begin the rate cut cycle, as the disinflation consensus is now taking effect. My base case remains for a September cut, starting with 25 BPS and will follow suit. USDJPY: 142.3980 US10Y: 3.690% SPX: 5495.52 Source: U.S. Bureau of Labor Statistics, Koyfin, Barchart, Yahoo Finance.

Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021 - https://lnkd.in/dXxsbrvj - Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an expected quarter percentage point rate cut from the Federal Reserve in a week. The consumer price index, a broad measure of goods and […]

US consumer prices unchanged in May; bolster rate cut expectations. WASHINGTON (Reuters) - U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation remains too high for the Federal Reserve to start cutting interest rates before September. The report from the Labor Department on Wednesday also showed underlying inflation pressures abated significantly last month, with the cost of motor vehicle insurance declining on a monthly basis for the first time since the fourth quarter of 2021. The data prompted financial markets to boost the probability that the U.S. central bank would cut rates in September as well as in December. Policymakers on Wednesday, however, projected only a single quarter-percentage-point reduction in borrowing costs, with the easing cycle possibly not starting before December. They left the Fed's benchmark overnight interest rate unchanged in the current 5.25%-5.50% range, where it has been since July, and slightly raised the inflation forecast for 2024. https://lnkd.in/efe7D4za

May’s highly anticipated Consumer Price Index (CPI-U) release revealed that prices rose 0.3% in April according to data from the U.S. Bureau of Labor Statistics. On a 12-month basis, the same Consumer Price Index rose 3.4%, a slight respite from volatile inflation numbers in months prior. For comparison, the CPI rose 0.4% a month earlier in March, while March’s annually adjusted CPI was 3.5%. Core inflation – which strips away volatile food and energy prices – rose 3.6% in April, down from a 3.8% price hike in March. In April, prices for shelter and gasoline climbed the most, accounting for 70% of the total monthly increase. The food index remained unchanged, while the food away from home index actually dropped marginally. Medical care, car insurance, apparel, and personal care items also got more expensive in April. *** Source: https://www.bls.gov/cpi/

May’s highly anticipated Consumer Price Index (CPI-U) release revealed that prices rose 0.3% in April according to data from the U.S. Bureau of Labor Statistics. On a 12-month basis, the same Consumer Price Index rose 3.4%, a slight respite from volatile inflation numbers in months prior. For comparison, the CPI rose 0.4% a month earlier in March, while March’s annually adjusted CPI was 3.5%. Core inflation – which strips away volatile food and energy prices – rose 3.6% in April, down from a 3.8% price hike in March. In April, prices for shelter and gasoline climbed the most, accounting for 70% of the total monthly increase. The food index remained unchanged, while the food away from home index actually dropped marginally. Medical care, car insurance, apparel, and personal care items also got more expensive in April. *** Source: https://www.bls.gov/cpi/

May’s highly anticipated Consumer Price Index (CPI-U) release revealed that prices rose 0.3% in April according to data from the U.S. Bureau of Labor Statistics. On a 12-month basis, the same Consumer Price Index rose 3.4%, a slight respite from volatile inflation numbers in months prior. For comparison, the CPI rose 0.4% a month earlier in March, while March’s annually adjusted CPI was 3.5%. Core inflation – which strips away volatile food and energy prices – rose 3.6% in April, down from a 3.8% price hike in March. In April, prices for shelter and gasoline climbed the most, accounting for 70% of the total monthly increase. The food index remained unchanged, while the food away from home index actually dropped marginally. Medical care, car insurance, apparel, and personal care items also got more expensive in April. *** Source: https://www.bls.gov/cpi/

May’s highly anticipated Consumer Price Index (CPI-U) release revealed that prices rose 0.3% in April according to data from the U.S. Bureau of Labor Statistics. On a 12-month basis, the same Consumer Price Index rose 3.4%, a slight respite from volatile inflation numbers in months prior. For comparison, the CPI rose 0.4% a month earlier in March, while March’s annually adjusted CPI was 3.5%. Core inflation – which strips away volatile food and energy prices – rose 3.6% in April, down from a 3.8% price hike in March. In April, prices for shelter and gasoline climbed the most, accounting for 70% of the total monthly increase. The food index remained unchanged, while the food away from home index actually dropped marginally. Medical care, car insurance, apparel, and personal care items also got more expensive in April. *** Source: https://www.bls.gov/cpi/

Consumer prices rose 0.3% in April, less than expectations. Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department’s Bureau of Labor Services reported Wednesday. That was slightly below the Dow Jones estimate for 0.4%. On a 12-month basis, however, the CPI increased... https://lnkd.in/dbk9X6Az

The Consumer Price Index rose 0.2% in October and 2.6% over the year ending in October. The year-ago rate is up from the 2.4% pace in the year ending in September, which was the lowest increase since February 2021. Over the past six months, consumer inflation has increased at a 1.4% annual rate, down from a six-month annual run rate of 4.9% as recently as June.